Looking at USDZAR from my previous analysis, I noticed that USDZAR dropped to around the 16.00000 - 15.50xxx area and managed to rebound from that area.
Now looking to the right I expect that USDZAR will start pushing further up after failing to break below the 15.50xxx psychological level, once USDZAR manages to break through the 17.20xxx psychological level I expect USDZAR to start pushing towards a new high above the 21.20xxx psychological level.
As price progresses I’ll be watching price behaviour around the 17.50xxx - 17.80xxx levels and 18.50xxx - 19.20xxx levels respectively.
Now looking to the right I expect that USDZAR will start pushing further up after failing to break below the 15.50xxx psychological level, once USDZAR manages to break through the 17.20xxx psychological level I expect USDZAR to start pushing towards a new high above the 21.20xxx psychological level.
As price progresses I’ll be watching price behaviour around the 17.50xxx - 17.80xxx levels and 18.50xxx - 19.20xxx levels respectively.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.